Word: cards
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Dates: during 1980-1989
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...would seize every rule advantage to dismast the pesky Fay. As the defender, San Diego may choose the contest's locale but will not announce it until 90 days beforehand. Tentative plans are to race the New Zealanders late next summer, then (assuming a victory and no other wild-card ^ challenges) return to using 12-meters for a San Diego regatta in 1991. Meanwhile, the San Diegans are exploring some distinctly un-America's Cuppish designs, notably a "killer mosquito" hydrofoil. They have even suggested that the first defense may be moved from San Diego into the roaring trade winds...
...cellular phones, cappuccino makers, home computers, hot tubs, Nautilus machines, camcorders, stereo TV sets, trash compactors, snow blowers. Giving in to impulse buying is easier than ever. The outlets are ubiquitous: shopping malls, mail-order catalogs, toll-free numbers, home-shopping networks, direct mail. Even a consumer's credit card bill, which contains the bad news about spending, is packed with offers for more merchandise...
...most dangerous lure is credit, which comes much more freely to U.S. consumers than to their counterparts in other industrial countries. Many Americans who lack willpower tell how easily they got into trouble by accumulating a dozen credit cards or more. Consumer installment debt ballooned in recent decades, from 7.3% of disposable income in 1950 to 14.7% in 1970 and 15.5% in 1980. In mid-1987 it stood at a record 18.8%, or $591 billion. Credit card companies, aiming to make consumers feel virtuous rather than guilty as they use their plastic, have even introduced new accounts in which...
...policy now calls for a boost in consumption so that Japanese manufacturers can sell more at home and less overseas. Beginning next year, interest on savings accounts will be taxed at a 20% rate. In the meantime, at least part of the population has started to loosen up. Credit-card use has risen sharply, especially among the young, and some Japanese are going into debt to take vacations or buy TV sets...
...applications for 24 spots, and this year is training 21 actors, two directors, and one dramaturge, or literary manager. Although the school does not offer academic degrees, such as the Master of Fine Arts the Yale School of Drama awards, it does give graduates a certificate and an Equity card which makes them members of the actor's union...